Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Ener1 Announces Supply and Distribution Agreement with Lightning Motorcycles

Abstract:
Ener1, Inc. (NASDAQ: HEV), a leader in lithium-ion energy storage solutions, today announced a supply and distribution agreement with Lightning Motorcycles, the maker of the world's fastest production electric motorcycle. As part of the agreement, Ener1 will supply Lightning Motorcycles with its automotive-grade, lithium-ion battery cells -- designed for plug-in hybrid electric vehicles -- for use in its Lightning SuperBike. Ener1 will also supply cells for Lightning's commuter motorcycle and scooter, which will be developed over the next few years.

Ener1 Announces Supply and Distribution Agreement with Lightning Motorcycles

New York, NY | Posted on July 28th, 2011

Consumer demand for e-bikes is expected to continue its growth trajectory. According to a 2010 report published by Pike Research, the global market for electric two-wheeled vehicles, including e-bikes, e-scooters, and e-motorcycles, will grow at a compound annual rate of nine percent through 2016. Lightning Motorcycles is expecting to answer some of that demand by first introducing a street-legal version of its record-holding Lightning SuperBike, which became the world's fastest production electric motorcycle with the FIM and AMA official world record of 173.388 mph during the world finals in October last year.

"We've tested many different battery solutions over the last year, including Ener1 and several of its competitors," stated Richard Hatfield, founder of Lightning Motorcycles. "The Lightning data and test results showed us that Ener1's lithium-ion batteries far out-perform those from competing companies, which is why we've switched to using their cells in our electric motorcycles. Lightning Motorcycles is committed to using what we believe to be the most powerful, safest, best-of-breed batteries on the market, which is why we're also extremely pleased to be representing Ener1 as an official distributor."

Lightning Motorcycles has been distributing electric parts and components for several years with a strong focus on and knowledge of serving the electric motorcycle and light-duty vehicle markets. In addition to the supply relationship, Lightning Motorcycles will also serve as an end-user distributor for Ener1's PHEV and EV lithium-ion cells.

"Lightning Motorcycles has an impressive pedigree in designing and developing electric motorcycles that win races, including the inaugural American TTXGP championship last year," stated Chris Cowger, president, Ener1, Inc. "It's that kind of experience that will help propel electric motorcycles to be on par with gas-powered motorcycles. We're pleased that Lightning has chosen Ener1's lithium-ion batteries to power their record-holding SuperBike, as well as future e-bike development projects. We also anticipate that Lightning's knowledge and relationships in the industry will help us sell more PHEV and EV cells and energy storage solutions into the growing e-bike market."

####

About Ener1, Inc.
Ener1, Inc. is a publicly traded (NASDAQ: HEV) energy storage technology company that develops compact, lithium-ion-powered battery solutions for the transportation, utility grid and industrial electronics markets. Headquartered in New York City, the company has nearly 700 employees with manufacturing locations in the United States and Korea. Ener1 also develops commercial fuel cell products and nanotechnology-based materials.

Safe Harbor Statement

Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

For more information, please click here

Contacts:
MEDIA CONTACT
Brian Sinderson
212-920-3500 X117

Copyright © PR Newswire Association LLC.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Nanofiltration Membrane Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Nanozirconia Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Self-Healing Nano Anti-rust Coatings Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Nano Spray Instrument Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Announcements

Nano Spray Instrument Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Nanocellulose Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Heating and cooling with light leads to ultrafast DNA diagnostics July 31st, 2015

Theoretical Physicists at Freie Universitšt Berlin Develop New Insights into Interface between Classical and Quantum Worlds July 31st, 2015

Automotive/Transportation

Sol-gel capacitor dielectric offers record-high energy storage July 30th, 2015

Controlling Dynamic Behavior of Carbon Nanosheets in Structures Made Possible July 30th, 2015

Ultra-thin hollow nanocages could reduce platinum use in fuel cell electrodes July 24th, 2015

Researchers boost wireless power transfer with magnetic field enhancement July 23rd, 2015

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Sol-gel capacitor dielectric offers record-high energy storage July 30th, 2015

Stretching the limits on conducting wires July 25th, 2015

BESSTECHís Innovative Battery Technology is Highlighted During Featured Presentations at SEMICON West 2015: CEO Fernando Gůmez-Baquero delivers invited remarks at the eventís Silicon Innovation Forum and Semiconductor Technology Symposium July 16th, 2015

Molecular fuel cell catalysts hold promise for efficient energy storage July 16th, 2015

Alliances/Trade associations/Partnerships/Distributorships

Liquipel Debuts Eyesight-Saving ION-Glass Blue Light Protection for iPhones and Androids at RadioShack Stores Nationwide: Liquipel's Unique Protective Screen, Available at RadioShack, Cuts Harmful Blue Light Implicated in Macular Degeneration by 10x July 28th, 2015

Dais Analytic's Business Affiliate in China Announces Ten-Year Strategic Energy Efficiency Business Arrangement With COFCO: Dais Beijing to Perform Feasibility Study on Over 80 Buildings to Improve Efficiencies as Part of Overall Hotel Energy-Savings Project July 23rd, 2015

Leti and Diabeloop Project Aims at Developing Artificial Pancreas for Diabetes Treatment July 22nd, 2015

Imec and Panasonic Demonstrate Breakthrough RRAM Cell July 16th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project